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Euronext Block (MTF)

Euronext Block

Euronext Block, an MTF powered by Euronext’s multi-market trading platform, Optiq, launched in the summer of 2017 allows participants to trade blocks in a safe environment.

Euronext Block supports both buy-side and sell-side trading communities by bringing liquidity together in a single order book allowing true price discovery as well as enabling potential price improvement.

Today’s equity execution landscape is evolving. As of 3 January 2018, MiFID II has brought about significant changes to the way trades are done in the dark. Broker crossing networks have ceased to exist and the double volume cap mechanism will be applied to both reference price waiver and negotiated trade volumes.

As appetite for block trading continues to grow, Euronext Block will help facilitate block trading by improving liquidity, with a specific focus on small and midcap securities.

Leveraging the same state-of-the-art technology used to operate Euronext’s primary equities markets, the platform supports both conditional and firmorders on over 3,000+ stocks across 15 national European markets.

Why trade on Euronext Block

Large-in-Scale only

Euronext Block is a Large-in-Scale only block trading platform designed to help the market face the ever-increasing challenge of where to find natural liquidity, without disclosing trading intentions to the entire market, in 2018 and beyond.

More reasons to trade on Euronext Block:

Size priority execution mechanism:
encourages members to submit large block orders to ensure the greatest number of shares traded for all participants.

Analytics:
the platform is safeguarded by the use of peer group scorecarding. Additionally, Euronext Block has partnered with a third-party transaction-cost analysis provider that offers detailed post-trade analytics to evaluate the quality of block trading and ensure optimised execution performance.

Technology: Euronext Block is powered by Euronext’s multi-market trading platform, Optiq, leveraging the same technology used to operate Euronext’s primary equities markets. Members have the option of using either the FIX 5.0 and SBE protocols.